Brief: Non-Standard Finance H1 ADJ PRETAX PROFIT 2.1 MILLION STG

Non-Standard Finance

28/09/2021 08:33

Sept 28 (Reuters) - Non-Standard Finance PLC  NSF.L :
    * H1 ADJUSTED OPERATING PROFIT ROSE 87 PERCENT TO 9.4
MILLION STG
    * H1 REVENUE 67.8 MILLION STG VERSUS 91.2 MILLION STG YEAR
AGO
    * H1 ADJUSTED PRETAX PROFIT 2.1 MILLION STG VERSUS 900,000
STG
YEAR AGO
    * BOARD HAS CONCLUDED THAT IT REMAINS APPROPRIATE TO
CONTINUE TO
ADOPT GOING CONCERN BASIS OF ACCOUNTING
    * ALL THREE DIVISIONS ARE TRADING AHEAD OF BUDGET AND GROUP
REMAINS CONFIDENT OF BEING ABLE TO COMPLETE CAPITAL RAISE
    * ARE PROGRESSING OUR DISCUSSIONS WITH FCA AND HOPE TO REACH
A
CONCLUSION SOON
    * NON-STANDARD FINANCE - ADDITIONAL EXCEPTIONAL PROVISION OF
£1.9M
REQUIRED TO COVER EXPECTED COSTS OF REDRESS DUE TO CUSTOMERS
THAT MAY HAVE SUFFERED HARM
    * NON-STANDARD FINANCE - EXPECTED THAT CAPITAL RAISE WILL
INVOLVE
FIRM PLACING & OPEN OFFER & RECEIVED INDICATIONS OF SUPPORT FROM
MAJOR SHAREHOLDER ALCHEMY

Source text for Eikon:  ID:nRSb1400Na 
Further company coverage:  NSF.L 

 ((Reuters.Briefs@thomsonreuters.com;))